Fenergo Client Lifecycle Management provides a truly streamlined, digital client orchestration solution to enable the delivery of a quick and efficient client onboarding process for both new and existing clients.

Fenergo CLM for SalesforceⓇ puts Relationship Managers in the driving seat of the client onboarding journey, providing them with insight into and oversight over the entire end-to-end client onboarding process.

Global AML/KYC & Sanction Fines

Fenergo publishes 10-year analysis of global regulatory fines for AML, KYC and sanctions-related fines on financial institutions, charting the regulatory trends from the start of the 2008 financial crisis.

The findings are eyebrow-raising indeed. Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.

Check out our interactive infographic which will share a global and regional perspective of regulatory enforcements from 2008 to 2018. Simple and easy to use, you can select any region on the infographic for more detail on financial penalties imposed on banks in that region.

Top 4 Highlights

1. Most Active Regulator

The US Department of Justice is the most active regulator in the world when it comes to imposing financial penalties for non-compliance, levying half of the global AML/sanctions fines amount, nearly $14 billion.

2. US Domestic vs Foreign Banks

US regulators have hit foreign banks hard, imposing fines on European banks totalling more than five times that imposed against US banks.

3. Highest Fines Year

Globally, 2015 was the most punitive year for fines, with $11.52 billion levied against banks.

4. Highest Bank Fine Ever

$8.9 billion was the highest single fine ever levied against a bank by one regulator.

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Whitepaper

[Whitepaper] A Fine Mess We're In - AML/KYC/Sanctions Fines

In the full global report, we will examine the evolution of financial crime enforcement worldwide, drawing on analyses of ten years of AML and KYC fines data. We also take a deep-dive into the data on a regional basis and examine key trends developing across the US, Europe, APAC and the Middle East.

BLOGS - Global AML Fines 2008-2018:

Assessing the Global Impact of AML, KYC & Sanctions Fines

In the wake of the 2008 financial crisis and subsequent high-profile scandals, global regulators are increasingly putting financial institutions’ banks’ AML and KYC procedures, policies and technologies under the microscope.

A Spotlight on US Regulatory Enforcement Trends

CLIENTS WHO TRUSTOUR SOFTWARE SOLUTIONS

Partners

We chose Fenergo for both their deep, out-of-the-box CLM functionality and their v8 technology that is a good fit with our own modernized technology landscape. I look forward to working with the Fenergo team and their wider client community to input into the continually evolving product and regulatory roadmaps

Bernard Gavgani
Global Head of CIB IT and Operations BNP Paribas

We chose Fenergo’s solutions because they will enable us to meet the increasing complex regulatory frameworks with an efficient and client-centric onboarding experience.

John Healy
Managing Director, Head of Capital Markets Operations SunTrust